Refining NZ extends debt facility
NZX announcement
14 July 2020
Refining NZ extends debt facility
The New Zealand Refining Company Limited (“Refining NZ”) announces that it has entered into
binding documentation to extend the term of $40 million of an existing facility maturing in
March 2022, by a further two and a quarter years. The $40 million facility will mature on 30 June
2024. This follows Refining NZ’s previous announcement on 25 March 2020 that it had
extended 2021 maturities and added $50 million of additional capacity.
The weighted average term of Refining NZ’s senior debt facilities is 3.3 years. The Company has
total available facilities of $400 million and its net debt position at 30 June 2020 was $250
million.
An updated debt maturity profile is attached as an Appendix to this announcement.
ENDS
For information: Ellie Martel, Communications and Government Relations Manager
M: 0204 174 7226; E: Ellie.Martel@refiningnz.com
NZX announcement
Appendix
Refining NZ’s Debt Expiry Profile
The following schedule reflects the Company’s current debt facilities profile and composition.
4040
25
95
25
80
20
75
0
20
40
60
80
100
120
2020202120222023202420252034
NZ$m
Debt maturity profile and composition
Senior debtSubordinated note debt
=
81%
19%
=
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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